Uranium Companies

There are very few pure uranium companies. Most companies, especially the small exploration type, are active in more than the uranium industry. This blog makes no attempt to guage the percentage of a companies activity that are related to the finding, mining or processing of uraniun. They all do, however, have some uranium activities (to the best of our review).

Merv's Uranium Indices

I have developed two Uranium Indices. They each have the same component stocks but are calculated using different methodologies. My weekly Index is based upon the average weekly performance of the component stocks. My daily Index is based upon the daily average of the component stocks open, high, low and close prices along with the daily average volume of all component stocks.

Click on the chart or table to enlage the view.

14 August 2011

Merv's Weekly Uranium Commentary 14 Aug 2011

Merv’s Weekly Uranium Review

for week ending 12 August 2011

Merv’s Daily Uranium Index

Market Data for Friday 12 Aug 2011

Open: 155.69

High: 158.50

Low: 152.61

Close: 155.48

Volume: 3252

Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.

Note that additional charts of the Indices were posted earlier and should be viewed during this commentary.

Still away on vacation so right to the analysis.

Before I forget Terra Ventures which is still in the list should be taken off. It has merged into Hathor Exploration and I just wasn’t watching lately. It will be delisted and replaced by ?? next week.

The Merv’s Daily Uranium Index closed on Friday with a daily gain of .23 points or o.15%. There were 21 daily winners, 21 losers and 8 stocks just bumming around. Cameco lost 0.2%, Denison gained 3.1%, Extract gained 2.8%, Paladin lost 1.3% and Uranium One was just bumming around. Market Vectors Uranium + Nuclear Energy ETF lost 0.5% while Global X Uranium ETF gained 0.6%.

For the full week the Merv’s Weekly Uranium Index gained 19.78 points or 0.38% (the Daily Index lost 1.07%). There were 22 weekly winners, 22 losers and 6 stocks just bumming around all week. Cameco lost 5.6%, Denison gained 5.1%, Extract lost 3.8%, Paladin gained 3.6% and Uranium One gained 2.3%. Market Vectors Uranium + Nuclear Energy ETF lost 3.5% while Global X Uranium ETF gained 1.7%.


The long term has still not turned around.

Trend: The Daily and Weekly Indices remain below their negative long term moving averages.

Strength: The long term momentum indicators remain in their negative zones and below their negative trigger lines.

Volume: The volume indicator remains below its negative long term trigger line.

The only rating I can give the long term at this time is BEARISH.


Trend: The Daily Index remains below its negative sloping intermediate term moving average line.

Strength: The intermediate term momentum indicator remains in its negative zone but is moving upwards and has just crossed above its trigger line. The trigger, however, is still sloping downward.

Volume: The volume indicator is turning upward but is still slightly below its intermediate term trigger line. The trigger line remains sloping downward.

For the intermediate term the rating remains BEARISH. The short term moving average line confirms this bear by remaining below the intermediate term line.


Pretty much the same as above.

Trend: The Daily Index is still below its short term negative sloping moving average line. However, the Index is trending upward and closed on Friday just below the moving average line.

Strength: The short term momentum indicator entered its oversold zone and quickly bounced back above. It continues to trend upwards and has moved above its positive sloping trigger line. However, it remains inside its negative zone.

Volume: Most of the week the Daily Index had been moving upwards. Unfortunately the daily volume continued to decline during this upward Index move and is not encouraging.

Although improving the short term rating remains BEARISH. The very short term moving average line remains below the short term line for confirmation of this bear.

The Daily Index and the Stochastic Oscillator are both trending upwards so the immediate direction of least resistance looks to be the up side.

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